Lee's Summit Tribune

Home
CATEGORIES
Welcome
News
Community
Health
Downtown Lee's Summit
R-7 School News
Greenwood,MO
Lake Lotawana, MO
Women in Business
Contact Us
Obituaries
Opinion
Sports
Mavericks
Scouting News
VFW News
Lee's Summit City Updates
Council Minutes
Charter Review 2016-17
Police Blotter
Election-Legals
Help Wanted
Classifieds

Welcome to the new home of Lee's Summit Tribune. We are dedicated to providing you the most current and accurate news and events in Lee's Summit
Home » News » CEDC Agrees On Economic Development Performance...

CEDC Agrees On Economic Development Performance Metrics

June 7, 2014

By Mallory Ragon
CityDesk@lstribune.net

The Community and Economic Development Community (CEDC) has agreed to bring three economic development metrics to the full city council for their consideration. The council was tasked with creating metrics for the Lee’s Summit Economic Development Council (LSEDC).

The LSEDC, a public-private partnership, receives financial support from the city. Many want to see justification for that spending, quantification of their economic development efforts and successes, but that return on investment is hard to accurately pinpoint.

The CEDC has been working with city staff to research metrics used by neighbouring and comparable communities. The three given the green light this week are adapted from the Kansas City Area Development Council (KCADC) and were presented by Steve Arbo, city manager.

1. During the term of this agreement the creation of an additional $2.5 million dollars of payroll within the city of Lee’s Summit as compared to the prior July 1st to June 30th year.

2. The creation of at least 50 new quality jobs, as defined by the Missouri Department of Economic Development during the term of this agreement.

3. During the term of this agreement the creation of an additional $6 Million Dollars in investment in development and/or redevelopment within the city of Lee’s Summit as compared to the prior July 1st to June 30th year.

The CEDC did request some wordsmithing of the language to more clearly define the time line terms. The council is expected to consider finalized metrics at their June 17 regular session.

“I think these are very reasonable, very attainable,” said Councilmember Derek Holland.
Mayor Pro Tem Allan Gray agreed, saying that this process is in-line with the council’s “desire to create a culture of planning” by setting direction, standards and priority for the city.

“Quality jobs” are defined by state requirements through the Missouri Quality Jobs Act and are only counted once the job is filled—it is not based on projected jobs by new or expanding businesses. Criteria such as annual wages and health insurance benefits must meet the threshold assigned by the state.


Bookmark and Share

Leave a reply

*Your name:
*Your email: (email won't be published)
Your website: (optional)
*Comment:
*CAPTCHA: CAPTCHA

Other Recent Articles from the News Category:

SEARCH

PAST WEEK'S TOP 5
Page Views: 5,377
Statement from Eric Greitens on Tonight's Incident
Page Views: 1,300
Councilmember Moreno Asked To Step Down
Page Views: 1,213
Door Systems, Inc. Donates $5,000 to Lee’s Summit High School Shelter Project
Page Views: 789
Joining Together To Create An Innovative Path For Student Success
Page Views: 777
Get Ready For Tobacco 21!
CITY LINKS
City of Lee's Summit
LS R7
LS Economic Dev Council
LS Tourism
LS Chamber
LS Parks & Rec

SCHOOL LINKS
LSCCS
RANDOM PICK
Day 3 of the 8-day countdown to our next public school board meeting on April 14th at 7:00 pm.
Day 3 of the 8-day countdown to our next public school board meeting on April 14th at 7:00 pm.
Home  | 
Copyright © 2009 Lee's Summit Tribune
Developed by Gaxio